Research Nester published a report titled “Search and Rescue Robots Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global search and rescue robots market in terms of market segmentation by operation, platform type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global search and rescue robots market is estimated to occupy a substantial amount of revenue by recording a CAGR of ~20% during the forecast period, i.e., 2022 – 2030, owing to the growing military expenditure, especially in developed and developing countries, and rapid developments in the robotics technologies across the globe. Apart from these, rising government initiatives to implement advanced systems for handling complicated combat operations, and increasing usage of AI in robotics are also expected to drive market growth in the forthcoming years.
The market is segmented by operation and platform type. Based on operation, the autonomous segment is predicted to observe the fastest growth during the forecast period on the back of high productivity and efficiency, reduction in error, and enhanced safety for employees provided by these robots. Additionally, by platform type, the ground segment is projected to gather the largest share over the forecast period ascribing to the excellent usefulness of ground robots when dealing with post-disaster interventions and for urban search and rescue.
Geographically, the global search and rescue robots market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the escalating government programs for military modernization in the region. Moreover, Asia Pacific region is predicted to register noteworthy market growth over the forecast period, which can be credited to the rising investments in robotics in China and Japan, and increasing military budgets.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Military Spending in Developed and Developing Countries Worldwide to Drive Market Growth
Military spending around the world has increased significantly in the recent years, which is predicted to raise the demand for advanced search and rescue robots. In addition, ongoing conflicts in the Middle East, tensions between the United States and China, and territorial disputes in the Asia Pacific are also pushing authorities to strengthen their defense capabilities. These factors are anticipated to bolster the market growth significantly in the near future.
However, limited operational range of search and rescue robots is expected to operate as key restraint to the growth of the global search and rescue robots market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global search and rescue robots market which includes company profiling of Elbit System Ltd, Thales Group, Kongsberg Gruppen, Lockheed Martin Corporation, Northrup Grumman Corporation, FLIR Systems, Inc., Pliant Energy Systems LLC, Saab AB, Howe & Howe Technologies, Inc., Boston Dynamics, Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global search and rescue robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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